Risk Factors Update Summary
- Shifted focus to AquaRefining technology licensing and lithium-ion battery recycling pilot plant operation.
- Estimated revenue realization from lithium-ion battery recycling in 2024, requiring additional financing.
- Commenced development of Phase One build-out, aiming for completion by the second half of 2024.
- Raised total cash to $16 million and working capital to $13 million, requiring additional capital.
- Initiated research and development for the recovery of valuable materials from lithium-ion batteries.
- Closed acquisition financing agreement for a five-acre site and building, raising $22.9 million.
- Increased the range of common stock prices from $0.50 to $0.47 to $0.69 to $0.47.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
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